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1988-07-08 Resolution 10
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1988-07-08 Resolution 10
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(g) "Cost of Issuance" shall mean any and all costs and <br />expenses relating to the issuance, sale and delivery of the <br />• Bonds, including but not limited to, premiums for municipal bond <br />insurance, all fees and expenses of legal counsel, financial <br />feasibility or other consultants, trustees, underwriters and <br />accountants, the preparation and printing of the Agreement, the <br />preliminary and final official statement and such Bonds. <br />(h) "Expense Fund"means the Expense Fund created and <br />established by Section 3..03. <br />(i) "Facility" means the real estate described in <br />Exhibit A and stadium facility thereon to be acquired with the <br />proceeds of the .Bonds and leased to the Commission, pursuant to <br />the Lease. <br />(j) "Government Obligations" means bonds, notes, <br />certificates of indebtedness, treasury bills or other securities <br />constituting direct obligations of, or obligations the timely <br />payment of the principal of and the interest on which are fully <br />and unconditionally guaranteed by, the United States of America <br />or any agency or instrumentality thereof. <br />(k) "Lease" means the lease by the Authority to the <br />Commission, dated as of June 1, 1988, as the same may be amended <br />or supplemented. <br />(1) "Operation and Reserve. Fund" means the Operation <br />and Reserve Fund created and established by Section 3.02. <br />(m) "Pledged Funds" means (i) the proceeds from the <br />sale of the .Bonds; (ii) the rentals to be received under the <br />Lease; and (iii) all moneys and securities from time to time held <br />by the Trustee under the terms of this Agreement (except moneys <br />or securities held in accounts to pay for Bonds called for <br />redemption or with respect. to which irrevocable instructions to <br />redeem have been given to the Trustee), including without <br />limitation the moneys held in trust funds. <br />(n) "Qualified Securities" means investments in: <br />(i) Government Obligations; (ii) certificates of deposit issued <br />by-banks and mutual savings banks incorporated under the laws of <br />the State of Indiana and in national banking associations having <br />.their principal banking offices in the State of Indiana, <br />including the Trustee, provided such certificates of deposit do <br />not exceed in the aggregate ten percent (10%) of the combined <br />capital, surplus and undivided profits of any such bank or <br />association and that each such bank or association has a combined <br />capital and surplus of at least $25,000,000; and provided further <br />that such certificates of deposit are insured by the Federal <br />Deposit Insurance Authority or the Federal Savings and Loan <br />Insurance Authority or, to the extent not so insured, <br />collateralized by interest-bearing obligations described in <br />. clause (i) above in which the Trustee has a perfected security <br />interest; or (iii) repurchase agreements, entered into with banks <br />and mutual savings banks incorporated under the laws of the State <br />-4- <br />
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